HC Wainwright Cuts Integra Resources (NYSEAMERICAN:ITRG) Price Target to $6.75

Integra Resources (NYSEAMERICAN:ITRG) had its target price decreased by equities research analysts at HC Wainwright from $7.00 to $6.75 in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 130.38% from the company’s current price.

Several other equities analysts have also commented on ITRG. Roth Mkm set a $7.00 price objective on shares of Integra Resources in a research report on Tuesday, January 27th. Canaccord Genuity Group assumed coverage on shares of Integra Resources in a research report on Monday, January 12th. They set a “moderate buy” rating and a $9.25 price objective for the company. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $7.67.

Integra Resources Stock Performance

ITRG opened at $2.93 on Tuesday. The stock has a market capitalization of $592.59 million, a price-to-earnings ratio of -293.00 and a beta of 0.82. The company has a fifty day moving average of $3.08 and a 200 day moving average of $3.47. Integra Resources has a fifty-two week low of $1.41 and a fifty-two week high of $4.87. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.94 and a current ratio of 3.52.

Hedge Funds Weigh In On Integra Resources

Several institutional investors have recently bought and sold shares of ITRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Integra Resources during the second quarter valued at $7,106,000. Montrusco Bolton Investments Inc. bought a new stake in shares of Integra Resources in the 1st quarter worth about $7,195,000. Bank of America Corp DE lifted its holdings in shares of Integra Resources by 60.9% in the 3rd quarter. Bank of America Corp DE now owns 3,806,494 shares of the company’s stock worth $11,229,000 after acquiring an additional 1,440,789 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Integra Resources by 175.7% in the 4th quarter. Millennium Management LLC now owns 1,954,804 shares of the company’s stock worth $7,850,000 after acquiring an additional 1,245,850 shares during the last quarter. Finally, U S Global Investors Inc. lifted its holdings in shares of Integra Resources by 824.1% in the 4th quarter. U S Global Investors Inc. now owns 1,386,127 shares of the company’s stock worth $5,558,000 after acquiring an additional 1,236,127 shares during the last quarter. Institutional investors own 26.67% of the company’s stock.

About Integra Resources

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.